Comment / On the wires: SATS + WFS – nowhere to hide

ID 72998090 © Stephen Davidson | Dreamstime.com

Nine long days have passed since our previous Premium coverage of the largest ground handler in the making, SATS + Worldwide Flight Services (WFS), and for listed SATS it goes from bad to worse on the stock market.

To the point that the bulls are coming to the rescue, with local headlines pointing to the upgrade to “BUY” from local brokerage firm UOB Kay Hian after a “sharp drop in the share price” of the smaller of the two companies.

The UOB Kay Hian ...